Business, international

Firms Waive Fees to Attract Investors

Article Abstract:

Charles Schwab Corp., Fidelity Investments and Neuberger Berman Inc. are some of the financial and investment companies that are waiving their fees. This is also done by newly introduced mutual funds to attract investors as well.

Fidelity says index funds to cost less: in bold challenge to Vanguard, Boston firm is slashing its fees below those charged by rival

Article Abstract:

Fidelity Investments, the largest mutual-fund company in the U.S., has cut the fees on five mutual funds. The rates are now lower than those charged by the number two company, Vanguard Group. It is seen as an attempt to win back market share lost to Vanguard.

A laggard on its home turf, HSBC stock gets some respect

Article Abstract:

HSBC Holdings PLC of the United Kingdom has underperformed on the Hong Kong stock market this year, yet analysts say it is a slow and steady winner. The financial services company is one of the biggest on the Hong Kong stock exchange and shares closed at $126.80 Hong Kong Dollars ($16.32 United States Dollars) or 4.7 percent below the start of 2005.